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Financial Rights Legal Centre In The Media
MEDIA RELEASE: ASIC report highlights exorbitant costs of rent-to-buy household goods: Consumer groups

The poorest and most vulnerable Australians are paying grossly inflated prices for household goods via “rent-to-buy” or “consumer lease” deals, as shown by a new report from the Australian Securities and Investments Commission (ASIC) released today. The report found that people receiving Centrelink payments are being charged much higher prices than the prices advertised by consumer lease providers. For two [ More ]

Rent-to-buy rip-offs: Poor hit by unscrupulous consumer leases

Marc Moncrief – Data Editor, The Age Australians doing it tough are paying interest rates nearly 50 times the typical rate for a credit card, according to a scathing new report by the corporate regulator targeting the rent-to-buy industry. The Australian Securities and Investments Commission exposes massive swings in rates charged by companies offering “consumer leases”, depending on the type of customer they deal with. In the [ More ]

MEDIA RELEASE:Rent-to-buy products must be kicked off Centrepay

Leading consumer groups are calling for the Australian Parliament to support moves by the Senate to protect the integrity of Centrelink’s budgeting tool for essentials Centrepay, by excluding rent-to-buy products. The intention of Centrepay is to help welfare recipients prioritise essentials such as rent and utility bills. Businesses providing “rent-to-buy” or “consumer lease” deals can access the payments of welfare [ More ]

Problems with Debt

Money Magazine – August 2015 Edition (Issue 181) Alex Kelly wrote a letter to the editor:  

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